Financial Daily from THE HINDU group of publications
Thursday, Jun 12, 2003
Financial Daily from THE HINDU group of publications Thursday, Jun 12, 2003 |
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Info-Tech
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Alliances & Joint Ventures Fortune Info, BillJunction in pact Our Bureau
HYDERABAD: Fortune Informatics Ltd, the Hyderabad-based software products company, has announced it has entered into a strategic alliance with BillJunction Payments Ltd, a network company of ICICI Venture, to offer electronic bill presentation and payment services. This arrangement envisages deployment of the latter's ReportSuite across the customer base. The Managing Director of Fortune Informatics, Mr C.K. Shastri, said, "This relationship is significant for us. Not only does it add a leader in its business to our list of clients, but also establishes us as a vendor of choice in providing out of box solutions to complex business issues. It will increase the reach of ReportSuite into the fast growing electronic bill, statement presentment (ESP) market in India." "We view this partnership as a significant contributor to our future growth objectives by enhancing the value it provides to our existing client base and prospects as the ReportSuite 3.00 structures itself as another modality for bill and statement output and presentment management. We foresee a growth in our bottom and top line through this relationship," Mr Bikramjit Sen, Chief Executive Officer of BillJunction, said.
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